Skip to main content

About your Search

20130115
20130123
Search Results 0 to 33 of about 34 (some duplicates have been removed)
the defense industry. we have earnings reports. the one thing you need to know is that everybody is worried about the budget cuts. the defense cuts by a couple of months. now they are wrangling about how to replace the cuts. this is not going to happen. i believe that we are going to spend lesson defense. that creates a tough dynamic and i thought about this. this is just an ongoing dilem a for this weekend. however, these companies do have a lot of money and their balance sheets are generally in terrific shape. if the big companies want to grow their earnings per share, the way to get there is by make making earnings in their business. if the defense contractors are on the prowl, what could be a smart takeover target that is worth investing, how about atk? this is a $2.15 billion company. so it is not that big it could be swallowed and even said in this report that it is a passeng potential acquisition candidate. it deals in led. it make s larger caliber ammo ad rocket motors to the new defense department. beyond that it has an ar aero se division. the company has a sporting goods division
for the defense industry as well, lockheed martin and northrup grumman report this week. jane is here for a preview. >> reporter: across the board for pretty much defense company, analysts are expecting a drop in earnings year over year, but jason gersky says don't expected to see a fiscal cliff impact. >> on the contrary, there's an opportunity for rates to out-perform expectations. that's because the d.o.d. was trying to get as many contracts done in the fourth quarter in anticipation of sequester potentially being implemented in early january. >> he and others expect flat demand from the defense department, but international growth looks good, international sales have higher margins. gursky likes lockheed martin and ratheon for their patriot systems which could be big in any iran/israel conflict. and he expects these companies to have 8% to 12% returns. will that continue? one other thing, two of these defense companies have brand new ceos, both women. lockheed martin and general dynamics. back to you. >> coming into office at a difficult time. the defense stocks keep going up desp
should he become defense secretary. how can you trust this guy haegle? >> you cannot. he represents the obama administration's foreign policy. he is handing off the cut backs to a former member of the military. i do not expect him to be part of the foreign policy. it will be closely held as it was in the first administration. he is a big defense cutter. maybe that is ironic he is a dedicated vietnam vet. it is going to slash the defense department more. >> the question is whether you are going to trim the budget with an axe of scalpel. chuck haeg eext lel can't get i. it takes decades. >> he was opposed to it. >> that may be one reason why he stepped down. i'm told that there is no sorrow. this is frying pan an fire. i know that chuck haegel a month into this process is likely to be the secretary of defense and the defense department is adjusting accordingly. what did all of this say of chuck schumer. he is such a prominent sjewish leader? how can he flip-flop like this? >> the senators are to judge chuck haegel on his record. it throws the whole process. it does. and i wonder wheth
comes up in a couple months, when that sequester fight comes up and defense cuts in a couple months, house republicans will push for the spending cuts but they don't want to lose the pr bat toll a president who's very adept at pointing his finger at republicans and saying they want to cause default. >> okay. i think they're losing the pr battle anyway. >> perhaps they are. >> i mean, i don't know. i know obama's very fassel, but i also know democrats will never cut spending in my lifetime. robert costa, welcome back from the wilds of williamsburg. now, i want to turn to my panel and say i don't really think the gop got the job done in williamsburg. that's just my view. here's cnbc contributor keith boykin. he's a former clinton white house aide. we have mark simone, w.o.r. radio talk show host, and matt welch, reason magazine editor in chief. mark simone, do you think the republicans are burning up the track here? what is their message? >> they have no message. now, let me correct one thing you said. the democrats will never cut spending. wait till hagel gets in place there at the d
. >> later, leaner and meaner. with federal spending cuts in the offing, our jane wells runs through defense company earnings that are on deck. don't miss it. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-po
and inflation all over the place. this year it's with cyclical growth, not defensive growth. not just getting paid to wait but it's cyclical growth right now. >> thank you, guys. >> good to see you. >> terry, welcome back. good to see you. >> the dow going out near the highs of the day, but, again, it's not setting the world on fire but some of the other averages are doing very well and it's just a day when apple is going to close below $500 a share for the first time in almost a year. the dow up 27 points. that's the first hour of the closing bell. here's the second hour now with maria. i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow jones industrial average closing higher today for a fifth session in a row. take a look at how we're settling out on the street tonight and the market does close at the highs of the afternoon and the dow is down 61 points earlier today. at the close, up 27 points. about a quarter of a percent higher at 13,534. nas
trillion all from domestic and defense, nondefense discretionary spending which, of course, that's not true. >> wait a minute. >> $3 trillion in discretionary -- >> no, $1.5 trillion is how the cbo. >> republicans will give you $900 billion and cbo -- you canted even agree where you're starting. >> that is a problem. >> true. but if -- what does it tell you that the ryan budget had essentially no medicare savings in the first ten years? in other words, you have a contest to cut entitlements, and the republicans say to the president, put some cuts on the table. democrats say the reverse, but we haven't seen them from anybody. >> she needs no introduction. that, of course, the first lady of the united states, michelle obama. she has changed her hairstyle. there will be a twitter poll about this i'm sure if there isn't one already. she's obviously a style icon, and her haircut. >> thank you very much. her haircut is getting more attention in this town than just about anything else. >> if i could say something, i'm going to watch her more closely than anybody today, because i really believe tha
talk about the statistics of firearms used in self-defense and those statistics actually can be quite compelling. >> lars, i just want to say to you. we may disagree on this we may not. as crazy as it may be, to me so much of this is about individual behavior. and they've taken the faith and they've taken the prayers out of our school system for many, many years. so much of this, lars, is about the impact on the kids of family breakup and no one wants to talk about family breakup. ben, i think -- >> can we talk about health care? >> you know family breakup, you month the faith, you know all this stuff play as role in this. you know this. >> that's where we need school counselors. we should have one counselor for every 250 kids. in this country it's now one in 500. part of what we saw in this it will make it easier for schools to get those counselors, easier for schools to get psychologists. what we know those types of be folks help us create the sort of bonded close knit school community that makes it possible. >> baloney. come on. larry, this is crazy. larry, do you think a cool coun
of the things we're keeping an eye on is some of the defense stocks. right under the shadow because of the possible quester. they are getting cheap and they have possible cash flows. >> glad you mentioned earnings. >> so far it's been somewhat mixed. i mean the banking sector is turning out some good numbers. >> yeah. >> where do you expect we might see the surprises on the upside in terms of the fourth quarter? >> in terms of sectors? >> yeah. financials have obviously done well, and that's somewhat cyclical. what i expect to do well are the consumer staples. they have been chugging along, but i think some of their expenses and costs were pretty moderate in the fourth quarter, and i think with the -- with the change in the taxes that came through in january, usually better for staples than consumer discretionaries so hopefully we'll get good numbers from there. >> where would you be investing, peter sorrentino? you said you like the early cyclicals? what does that mean? who do you like here? >> well, really it's a wide brush right now. we like refiners, the volero of the world. mar
a lower 18% growth rate. in defense of starbucks, they have a better brand not to mention, indeed, better coffee. you've got two ways to win, it could rally up to $14, i think that could be a conservative number or the stock could go to $16.24, i know, pretty precise, on a potential takeover bid. they seem to be addicted to coffee-related acquisitions as i'm addicted to coffee itself. it is at a 52-week high. and i'm willing to endorse buying the stock on a pullback. wait for some market -- believe me, it does happen, knock the stock down and then make your move. here's the bottom line, krispy kreme as this donutamid clearly shows is back. and it's giving you two ways to win. either the company gets taken ore or stays independent and grows like a weed. the only thing that gives me pause is the gigantic move in the share price. i'm begging, be patient, wait for a pullback and please use limit orders if you're going to buy kkd. let's go to bob in my home state of new jersey. bob? >> caller: boo-yah to ya, jim. >> how do you like that burger? cheese on it, onion, pickle, lettuce, that's from
as well. david steinberg. >> that would be steve saks now. >> does that make you bull strategic defense initiative. >> we had a change in guests. >> yes, we did. >> changed at the last minute, i guess. there's a lot of factors that make me bullish right now. the macro economic picture is definitely one of them. you know, you nailed it with the fact that the fed is still printing money and despite the language that we saw in the last minutes, there's no clear sign that that's going to end in 13. we'll have a much better picture in the next couple of weeks. it's pretty good. fact of the matter, valuations and u.s. equities are pretty attractive right now. >> my dear friend carol roth, you have been skeptical of this market as we continue to go higher and higher and higher. we're at five-year highs right now. i guess we should all say it's time to tell when you go bullish, is that it? >> that's probably right, bill, but i feel like everybody is drinking the so-called punch or the so-called kool-aid so why not join the party for the time being. i don't think there's any good fundamental rea
's definitely an impediment to a potential case. and, certainly, if you go before a jury, the defense lawyers can make a big point about the fact that, "you were there. you knew about it. why didn't you do anything at the time? now you're coming after them." >> in fact, former lehman ceo richard fuld seemed too be trying out that defense when he testified before congress in 2008. >> throughout 2008, the s.e.c. and the federal reserve conducted regular and, at times, daily oversight of our business and our balance sheet. they saw what we saw in real time. >> let's just assume for a moment that anton valukas' findings are true. i mean, isn't this just a free ticket for executives to say, "well, look. you know, lehman did so-and-so, and nothing happened to them." >> right, no, i think absolutely, that's a serious problem. i mean, obviously, there has been a tremendous financial crisis. the people who engaged in improper behavior need to be punished. i think it's critical for the s.e.c. to go after not just companies, but also individuals, where they have the evidence to do so. >> when lehman's b
to address the fact that they really are a good company. i hate the defensiveness. this is my theory on what's happened to intel. they have adopted a customer is always right attitude, but it turns out the customer was wrong. they had the wrong form factor, the wrong device. there was a moment in the call where it took my breath away, where paul said, they're talking about the fablet. this is a great american company. i'm like, you know, i actually said, i feel bad. >> they might have the wrong customers. if they have pc makers -- >> i know apple -- i did think this call was -- it was -- i mean, it's literally, are you guys getting any bang for your $10 million in research and development in 2012? they got the israel one going 24 hours. >> and chipotle. >> i shop and i go to factories. >> i have to tell you, this was an intel that was -- we're not as bad as you think. we're not as bad -- no, guys, have some pride. you're great. >> it seems at this point, jim t is a show-me stock. >> oh, is it ever. >> was there any mention of who might replace ottolini? did you see that in the transcript of
offering plans to cut medicare, social security, defense, oh, please. i'll believe it as i see it, even though i think it's important that it be done. both parties guilty of too much spending. the democrats witt vitriolic, t to make money to pay for it. and enough politics. the american investor figures out we're pretty long through the united states of three-ring circuses. the most important spur for investment is confidence. three issues that held up business formation and stock investing for a long time. put a drag on it. uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. two big bad events, only one more station on the gauntlet. it simply isn't as scary or meaningful as when it comes to the stock market or new business formation. sorry, it won't sell as many parents, and it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad event is passed, the rick of responding floods in. now we're about to finish the third leg of the political s
spending as well as the defense department. each of them, they affect 8 to 10% reduction in expenditures. that's really painful to the gop but it's also very painful to the democrats, and i think that the threat of the sequester can get both parties to do what they need to do. that is, they need to sit in the room together and they need to hammer things out. instead of us lurching from one short-term solution to the next, hopefully they can do something that can last more than three or six months. it will be good for everyone. it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all o
that the politicians are going after, the semiautomatics are the most popular guns bought for self-defense. we need to look at whether these measures are actually going to have an impact or not and a lot of them are just political and are not going to keep our children safer. >> robert costa, we heard from senator joe manchin over the weekend and others. they want a broad base. they said you're not going to get a semiautomatic ban unless you have bettered attention to mental illness and obama today said that the gun lobby people were ginning up fear among americans who otherwise want reform. where is this thing going to play out? >> larry, i just walked over here in the u.s. capitol. the house is now back in session. i spoke with some lawmakers. especially among republican legislator, there's not a clamor to move towards an assault weapon ban, but there's a real discussion about background checks, about limiting the amount of bullets that could be in a magazine. and these are only preliminary discussions. so what president obama did today by talking about an executive order, he is trying to urge th
bank in the world reflating so you're very bull strategic defense initiative. >> very bullish. >> i guess the question is are you able to buy into that market at much lower houses? how substantial could a decline be on the so-called bumps in the road? there's some precedent for that. not the first time we've been through it. we've been back through it in 2011 and there's a significant pullback. there's a bit of a been there, done that and we haven't seen the kind of volatility we've seen and in the difference of backdrop the republicans sort of have their backs against the wall. they were forced to concede on taxes during the cliff debate, and now i think this is their chance to get concession on spending, and i think they are going to do that. this is going to go to the wall and that will create volatility. >> the president has been very clear. he's not going to negotiate on the debt ceiling. >> that's how politicians talk. at the end of the day negotiations will have to happen. >> he has to? >> you're not al lone in being wildly bullish right now and i think -- i know that's affec
and the nigerian state oil company. u.s. defense secretary leon panetta while speaking to reporters in italy called this a terrorist attack so the u.s. will take, quote, all necessary and proper steps. we are showing you the actual facility in algeria. the google map, google earth. a group affiliated for al qaeda has claimed responsibility for the attacks, in retaliation for france's military intervention into the country of mali which borders algieria. france began that intervention last week to try to combat islamic militants that work in that country. the hostages include not only americans but french, british, norwegian, japanese and an irish citizen as well. and according to information about algeria on bp's website, algeria supplies 30% of europe's natural gas. bill, back to you. >> thank you very much, michelle. more as that story continues to unfold. meantime, headed towards the close. 50 minutes left. the dow down 20 points. virtually all of that attributable to the decline in boeing today f.boeing weren't down as much as it is, the dow would be unchanged right now. >> pretty extraordinary
continue to invest in those companies with solid balance sheets. i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where people begin to discount bad news. you throw bad news up and they say don't worry about that. look at the good points. the reverse happens in a bear market where we embrace the bad news and know there's never a ray of sunshine ever. we're in that discounting phase, and it feels complacent. it's a time to be cautious, so i think balance sheets matter. >> right. >> income matters and earnings really matter. >> very good. >> if you look at -- if you look at that philly fed this morning a great example. the market looked at that and said whatever. >> exactly. >> small caps and mid-caps didn't dip on the news. >> ignoring the bad news and going for the good news. >> real quickly, guys. on the philly fe
preplanned. >>> and u.s. defense secretary leon panetta is vowing to pursuit hostage takers saying the terrorist should be on notice that they will find no sanctuary, not in algeria, not in north africa, not anywhere. back to you. >> jackie, thank you very much. any time there is an attack like this, it grabs the attention of new york energy traders. sharon, what are they saying? >> it certainly has. even though this occurred in the gas facility, it is the oil markets that are most concerned here about the heightened geo-political risk any time an attack happens on an energy facility. of course algeria is an opec member and produces just under 2 million barrels per day of crude oil. this pales to a country like saudi arabia but heightens the risk premium that is of course in that part of the world, in north africa and middle east. also you add to that what happened yesterday. nuclear inspectors and officials, talks between them breaking down, failing to come to an agreement, diplomatic effort in terms of iran's nuclear capabilities. that is heightening the geo risk in this marketpl
over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector given the persistent housing shortage. he said more land would be allowed for development and that 67,000 private units are slated to come on to the market in the next three to four years. joining us from hong kong, andrew yun g, chairman of international consultants. what's your assessment of the problem with chinese property? and how -- are they right to try these measures? >> i think that hong kong is now in the depth of a lot of contradictions, that being from premier wen
defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, forget it. >>> tim geithner celebrating last night. >> still on a budget. >> so no alcohol served, we know that much, but at least hopefully geithner got some cake. what message should have been written on his farewell cake? tweet us. we have a new handle, we've got your responses throughout the morning. we'll share your responses. >> how about thank you for saves the american banking some system? >> some people like that. >> i think tim geithner did a fabulous job, wish him very well. in the meantime, a big reason why you should prepare more for the salad. the cold hard facts later in the show, but first. >>> coming up, not exactly ocd behavior, but certainly something requires -- and nobody does it like jim cramer. six stocks in 6 on seconds, when "squawk on the street" returns. >>> the s.e.c. issue, give me a break. it looks -- don't sell it for that. >> jeffries leapwire hold or sell? >> i was talking to david fablers, always breaking stories about this group. i don't think -- >> merrill columbia sports? >>
-- the same level of income. but i think that is clearly an alternative. it will start with the defensive sectors and gradually move on to the more -- let's say exotic sectors and the more volatile sectors. >> i just wonder, you know, from jpmorgan yesterday, which is actually aggressively underweight u.s. relative to japan as well as emerging asian markets. and it says the u.s. has been underperforming since last summer. with the debt ceiling looming, now, in fact, is the time to pair positions. so even if you like equities maybe longer term, you know, are there not reasons here to be a little bit more cautious? >> well, there is. i think contrary to 2012, which was really a year of buy and hold and it performed well in all asset classes, volatility on the fixed income, for example, was at historic lows, i think this year is definitely going to be different. and it will lead to have a very dynamic strategy. at this stage, we have 30% equity and it will go up gradually according to the economic cycle. one should not forget -- and i think that's the big mistake that the analyst made in the
? >> not really, but with the nomination of peter, historically he's talked about cuts in defense. if you're going to cut, anyway, then let's get started and what about, too, is happening in the middle east, we'll find out tonight who takes israel, obviously netanyahu is leading the poles now. at the same time, north africa in the news with all of the latest violence at the gas field in algeria. so does this complicate the narrative of wanting to push ahead with sequestration? >> well, the speech yesterday was very short on international affairs. which i found surprising. because we are in ra very dangerous place right now. there is a great deal of uncertainty and new turmoil. sequestration was to what america's positive tour should be and how best to that in the in the two weeks. we'll have more focus on spending in general, spending in particular and, if you will, trying to right side the dvenlgs budget. >> mary jo, as you said, we didn't necessarily hear a strategic vision from the president, but do you think we can take what's happening in algeria that this is basically how the u.s. is going t
.2 trillion. i'm certainly not. and those of us who are concerned on the across-the-board defense cuts i hope for the most part are saying we have to make these cuts. the question is how we allocate those cuts. we can't back off that, becky. that would be unbelievable that, you know, we're now negotiating on something we agreed to two years ago at a time when the debt was a couple trillion dollars less. we've got to be sure we're making progress moving forward. this debt limit discussion is an opportunity to do that. we don't have to make these cuts in the way the president talked about it at his press conference. i thought it was incredibly irresponsible to say republicans are talking about slashing spending. they wanted to gut medicare and medicaid. that's not the point here. it's being sure these programs are saved and preserved for future generations and everyone, including the president, we talked about this in the past, understands the need to do that. >> you forgot about cutting off people with disabilities, and autistic children and a lot of -- you forgot about a lot of things that yo
? the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready to play folks? the debt ceiling game, calling this the home edition, here are different items in the government, in the federal government budget, what you've got to do is check a box, fund it or don't fund it. now we've rigged this now so we've worked on tv. we're going to fund all these things. and what we're going to do is we're going to make our spending equal the cash flow of 277 billion dollars so we're going to pay the interest, we're going to pay medicare, medicaid, social security, military pay, retirement, veterans benefits and defense vendor payments, federal salaries. okay got it. 275. we fund t
that it was a stick in the eye. frankly, he may a very spirited defense of activist government and kind of continued this narrative that, republicans don't believe in social security and medicare, et cetera. so, you know, we go on a very cold tuesday morning and we soldier on to the next battle. >> and, the -- there's an inauguration -- there's speeches, and then there's what you're able to accomplish given the -- the tone -- the makeup of the country, the makeup of congress. how much gets done? how much is just bluster? and how much actually ever gets proposed? but then again, how much is executive order? is he going to be able to do that without legislation some of it? >> well, again, now we get to wait for a state of the union on february 12th, and we probably won't see his fiscal 2014 budget until march. we'll have to deal with the debt ceiling and probably at least the sequester before that. so you know, there are not a lot of proposals formally on the table from the democrats. and i think we're going to have a very, very messy march and probably into early april, maybe even with a government s
, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth quarter. an out sized beat and the other longer lending, investments and private equity got marked up a fair amount. i think people were expecting that to be a source of upside. the real beat was in compensation. given it's so weighted to the fourth quarter, the beat isn't as big as it looks. the full year ratio for compensation came out to 34%, it was 32% last year. to the extent there's a longer term lower accrual level to be factored in here, earnings are biased up. >> was that politically driven, do you think? >> i think it's a function of a lot of things. i think that -- i think market conditions are
attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> about six minutes until they all get back to work after a long weekend. let's get jim's "mad dash." speaking of the inauguration, some policy ideas in there. >> jefferies, remember, the president took aim at utilities, coal-fired utilities, and i found it chilling. i found it chilling, because these companies have spent fortunes trying to meet the demands of the epa. and it isn't enough, the president just saying, no. not enough yet. he wants to stop coal in this country. he just wants to wipe it out. because he thinks it's a terrible thing. >> a lot of people said it was packed with parti
Search Results 0 to 33 of about 34 (some duplicates have been removed)